AtmanCo Announces Revenue Growth of $2.5 Million for its First Quarter of 2017
AtmanCo Announces Revenue Growth of $2.5 Million for its First Quarter of 2017
Momentum Public Relations
Press Release: May 25, 2017
AtmanCo Inc. has released its quarter results ended March 31, 2017.
Highlights:
- For its first quarter of 2017, the Company announced revenues of $2,727k compared to revenues of $246k for its first quarter of 2016, a year-over-year increase of $2,481k.
- For its first quarter of 2017, Company’s revenues increased by $133k or 5{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} while compared to previous quarter ending December 31, 2016.
- As of March 31, 2017, the Company’s order book totalled $8.9m compared to $0.8m on March 31, 2016, a year-over-year increase of $8.1m.
” Throughout the first quarter of 2017, we have focused on integrating and harmonizing VoxTel’s business, as well as developing promising opportunities involving both VoxTel and AtmanCo. The benefits of these projects, in both corporate and consumer markets alike, should contribute to the future quarters of 2017. In order to achieve our objectives, we have taken the steps to improve our presence in the international market and hired experts in the telecom industry. Moreover, we are continuing our pursuit of closing strategic acquisitions in our different business markets “, said President and CEO of AtmanCo, Michel Guay.
The above data includes a summary of highlights. For further information, please consult the Corporation’s interim consolidated financial statement as well as the Management Report for the quarter ended March 31, 2017 at www.sedar.com
AtmanCo grants new option shares
The Company announces that a total of 800 000 share purchase options have been granted to employees and consultants of the Company, pursuant to the terms of its share option plan (the “Plan”). These options are exercisable at $0.17 per share and expire on May 24, 2022. The Plan provides that options may be exercised on a cumulative basis over a period of three years from the date they are granted, as to one-third after one year, and additional one-third after two years and the balance after the end of the third year.
ABOUT ATMANCO
AtmanCo (TSX VENTURE:ATW) is a leader in information technology, owner of several web platforms including Atman, Quebec Rencontres, VoxTel and Bloomed. Atman and its APIs enable companies to optimize their human capital. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. VoxTel offers various interactive landline and mobile phone solutions, as well as carrier billing and SMS features. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd.
Source: Stockwatch
AtmanCo’s Psychometric Test Will Soon be Offered to University Students in the United States
AtmanCo’s Psychometric Test Will Soon be Offered to University Students in the United States
– Momentum Public Relations –
Press Release: March 31, 2017
The Atman psychometric test will be offered to university students in the American market through a promotional campaign co-launched with Sparkroom
AtmanCo Inc. (TSX VENTURE:ATW) announced today that it has partnered with Sparkroom, a leader in student recruitment, providing fully transparent, data-driven strategies designed to achieve enrollment objectives.
Sparkroom’s Student Acquisition Platform is a preferred tool for North American universities to recruit new students. This partnership between AtmanCo and Sparkroom will introduce an advertising campaign for AtmanCo’s B2C version of its renowned psychometric test through MTVU in May of this year. MTVU is directly linked to university campuses in the United States, with exposure to more than 3 million students and reaches an audience of 11 million people through their MTVU channel.
AtmanCo’s B2C product, bloomed.com, will serve as a web platform for this advertising campaign by offering students a psychometric test to discover their personality profile. The personalized results will help students:
- Succeed academically,
- integrate into the student life on campus, and
- Find the most compatible people to build the best in-class groups.
“We are pleased to announce the partnership with Sparkroom on this marketing campaign, which is in line with AtmanCo’s customer acquisition and big data implementation goals. Furthermore, we are delighted to be able to reach new markets with our API and its many applications. Sparkroom points out that students need all the tools to help with personal development, and personality testing is an ideal way to understand one’s self. The success of this project is based on the enthusiasm of young people to learn about themselves”, said Michel Guay, founder, president, chief executive officer and chairman of the Board of AtmanCo.
ABOUT SPARKROOM
Through the deployment of award-winning technology and services, Sparkroom helps higher education marketers rapidly grow their enrollment volume. Sparkroom marketing technology and services address the full student lifecycle, with a focus on delivering higher-quality prospects and better conversion rates. Our full-service solutions are designed to measure marketing effectiveness in relation to student recruitment efforts.
– Sparkroom performance marketing technology integrates campaign data, automates processes based on performance and provides holistic cross-channel attribution reporting and analytics, including cross-channel dashboards.
– Sparkroom enrollment marketing services include demand generation and student recruitment support to manage cross-channel marketing campaigns from strategy to execution to optimization and beyond.
– Sparkroom enrollment management solutions, inclusive of enrollment management consulting and short OPM engagements, layer on operational services for institutions in need of end-to-end support.
ABOUT ATMANCO
AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo’s solutions also enable impacting the major consumer market by easily integrating them with our partners’ technological solutions. For more information, follow us at @atmanco and on LinkedIn. AtmanCo is also the owner of RNIS Telecommunications inc (‘VoxTel’) which owns the online dating site Quebec Rencontres as well as offering various interactive and billing wireless and landline telephone solutions.
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
Forward looking statements
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. There is a risk that expectations and forward-looking statements will not prove to be accurate. Readers are cautioned not to place undue reliance on these forward-looking statements as they involve risks and uncertainties, which could make actual results differ materially from those projected herein and depend on a number of factors including, but not limited to, no history of profitability, future financing, intellectual property and patents, key personnel, competitive marketplace, technology obsolescence, share price volatility and other risks detailed from time to time in the Company’s filings. While AtmanCo anticipates that subsequent events and developments may cause its views to change, AtmanCo specifically disclaims any obligation to update these forward looking statements, unless obligated to do so by applicable securities laws
Additional information regarding the Company are available on SEDAR www.sedar.com
AtmanCo Inc.
Michel Guay
Founder, president and CEO
1.877.935.5959 ext. 301
mguay@atmanco.com
Stephane Poirier
VP Marketing & Technologies
1.877.935.5959 ext. 310
spoirier@atmanco.com
atmanco.com
© 2017 Canjex Publishing Ltd. All rights reserved.
AtmanCo acquisition of VoxTel, Informationtelcharge
The TSX Venture Exchange has accepted for filing the documentation relating to an arm’s-length agreement for the acquisition of all the issued and outstanding shares of 9136-2897 Quebec Inc. (VoxTel) and Informationtelcharge, in consideration of a total purchase price of $3-million, including $1.45-million cash at closing, the assumption of a $200,000 line of credit, $600,000 as a balance of sale payable over five years starting six months after closing, and the issuance at closing of 5,612,514 common shares and 5,101,771 subscription receipts convertible into common shares having an aggregate deemed value of $750,000. Each subscription receipt is convertible into a common share, without payment of any further consideration, if, following that conversion, the holder would hold (directly or indirectly) less than 10 per cent or more of the company’s common shares, including those held by joint actors.
For further information, please refer to the company’s press releases dated June 9, Sept. 27 and Oct. 6, 2016.
AtmanCo Announces the Issuance of a $2.0 Million Convertible Debenture and an Update of the Acquisition of VoxTel
AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE: ATW), a leader and innovator in web psychometric test solutions for the corporate market and the consumer market, announces today that it has agreed to issue a secure, convertible debenture in the principal amount of $2.0 million. The debenture will mature after 5 years, bear interest at an annual rate of 10.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and is convertible into common shares of AtmanCo at a price of $0.085 per share the first year and at a price of $0.10 per share thereafter. The Company will also issue to the Lender a total of 5 million share purchase warrants expiring after 5 years, each giving the holder the right to acquire one common share of AtmanCo at a price of $0.10 after one year. The Lender also has the right to nominate a candidate for director on the Company’s board. The net proceeds will be used to finance the acquisition, announced on June 9, 2016, of the business operating under the name “VoxTel” as well as the Company’s commercialization efforts and general corporate purposes. The closing is expected to occur on or about September 30, 2016.
The Company also intends to complete an additional private placement of up to $2.5 million, including up to $0.5 million in units and up to $2.0 million as a convertible debenture. Each unit will consist of one common share at a price of $0.085 and one-half of one common share purchase warrant, each whole warrant giving the holder the right to subscribe for one common share at a price of $0.15 from a period of 2 years from the issuance date. The debenture will mature after 5 years, bear interest at an annual rate of 10.0{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} and be convertible into common shares of AtmanCo at a price of $0.085 per share the first year and at a price of $0.10 per share thereafter. The net proceeds will be used to finance the acquisition of VoxTel as well as the Company’s commercialization efforts and general corporate purposes.
Update on the Acquisition of VoxTel
The Company also announces that it has signed a revised letter of intent with respect to its acquisition of VoxTel. Under the revised letter of intent, AtmanCo will pay a total purchase price of $3.0 million, reduced from $3.4 million. Subject to certain adjustments, that price would be paid as follows: up to $1.65 million cash at closing, $0.6 million as a balance of sale payable over 5 years starting 6 months after closing, and the issuance at closing of a combination of common shares and subscription receipts convertible into common shares having an aggregate value of $0.75 million. The purchase price will be adjusted upon closing by an amount equal to the excess or shortfall of the total working capital of VoxTel and Informationtelcharge.com relative to a target of $0.2 million, and will also be reduced by the amount of any accounts receivable of VoxTel and Informationtelcharge.com that remain unpaid 90 days after closing. The closing of the transaction is expected to occur on or about October 15, 2016.
For the unaudited financial year ended December 31, 2015, VoxTel’s sales were $13.4 million, its total assets were $2.6 million, its total liabilities were $1.9 million, its total equity was $0.7 million and its net earnings were $0.6 million (after adjusting for nonrecurring charges relating to legal fees). In connection with its acquisition of VoxTel and for no additional consideration, AtmanCo will also acquire 100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the outstanding shares of Informationtelcharge.com Inc., which is a party to certain telecommunications contracts that are related to VoxTel’s business. For the unaudited financial year ended December 23, 2015, Informationtelcharge.com’s sales were $9,130, its total assets were $27,924, its total liabilities were $5,282 and its total equity was $22,642.
For more information on the acquisition of VoxTel, please see the Company’s press release dated June 9, 2016.
Forward-Looking Statements Disclaimer
Certain statements in this press release may be forward-looking. Such statements include those with respect to the closing of the acquisition of VoxTel (and Informationtelcharge.com), the Company’s ability to raise funds under the private placement and the use of the proceeds raised thereunder. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Such assumptions, which may prove incorrect, include the following: (i) All of the conditions for the transaction will be met. In particular, AtmanCo will complete a satisfactory due diligence on VoxTel’s operations, finances, legal condition, etc., (ii) AtmanCo and VoxTel’s shareholders will successfully negotiate and enter into a purchase agreement and other documents relating to the transaction, (iii) AtmanCo will successfully obtain the necessary regulatory approvals for the acquisition of VoxTel on commercially-acceptable terms, (iv) the acquisition of VoxTel will allow AtmanCo to achieve the anticipated synergies, in particular with respect to VoxTel’s clientele, products and geographic markets, (v) AtmanCo will be successful in its efforts to identify and secure subscribers under the private placement and (vi) AtmanCo’s management will not identify and pursue other business objectives using the proceeds of the private placement. Factors that could cause actual results to differ materially from expectations include (i) the discovery in the course of the due diligence of negative factors with respect to VoxTel that would prevent AtmanCo from proceeding with the acquisition, (ii) the failure of the negotiations between the parties with respect to the final documentation, (iii) the Company’s inability to achieve the anticipated synergies for any reason, including the refusal of VoxTel’s clients to refuse to acquire AtmanCo’s services or technical issues that prevent the integration of AtmanCo’s systems with those of VoxTel, (iv) the Company’s inability to secure subscribers under the private placement, (v) the Company’s inability to make effective use of the funds raised under the private placement, (vi) the Company’s inability to obtain the necessary regulatory approvals for the acquisition or the private placement, (vii) labour disputes or the materialization of similar risks, (viii) a deterioration in capital market conditions that prevents the Company from raising the funds it requires on a timely basis and (ix) generally, the Company’s inability to develop and implement a successful business plan for any reason.
A description of other risks affecting AtmanCo’s business and activities appears under the heading “Risks Factors and Uncertainty” on pages 9 and 10 of AtmanCo’s 2015 annual management’s discussion and analysis, which is available on SEDAR at www.sedar.com. No assurance can be given that any events anticipated by the forward-looking information in this press release will transpire or occur, or if any of them do so, what benefits that AtmanCo will derive therefrom. In particular, no assurance can be given as to the future financial performance of AtmanCo. AtmanCo disclaims any intention or obligation to update or revise any forward-looking statements in order to account for any new information or any other event, except as required under applicable law. The reader is warned against undue reliance on these forward-looking statements.
Additional information regarding the Company are available on SEDAR www.sedar.com
The TSX Venture Exchange and its Regulatory Services provider (as per meaning assigned to this term in TSX Venture Exchange’s policies) bear no liability as to the relevance or accuracy of this press release.
ABOUT ATMANCO
AtmanCo is the publisher of a scientifically validated psychometric test. Through the HR cloud platform or the application program interface (API), the results allow the companies to optimize the talents of their human capital by improving the recruiting and organizational development success rate. AtmanCo’s solutions also enable impacting the major consumer market by easily integrating them with our partners’ technological solutions.
Contacts:
AtmanCo inc.
Michel Guay
Founder, president and CEO
514.935.5959 ext. 301
mguay@atmanco.com
www.atmanco.com
AtmanCo inc.
Simon Bédard, CA, CPA, CFA, MBA
CFO
514.935.5959 ext. 304
sbedard@atmanco.com
© 2017 Canjex Publishing Ltd. All rights reserved.
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